Summary
Direct Yacht Importation
key contacts
country highlights
CAPITAL CITY: VallettaLANGUAGES: Maltese, EnglishSCHENGEN: Full Member Since 2007CURRENCY: Euro €TOTAL AREA: 316 km²POPULATION: 417,432NEAREST COUNTRY: Italy, 255 kmTIME ZONE: Central European Time Zone (UTC+01:00)
benefits
- Free Circulation in the EU
- Yacht is VAT Paid
- Low VAT Rate
legal basis
Given that Malta is a member of the EU, once a yacht is imported into Malta and therefore satisfies the VAT requirements, such a yacht can enjoy free circulation in the European Union. Malta has a VAT rate of 18%, which is the lowest rate in the EU for a non-land-locked state.
ELIGIBILITY
- Any vessel which is currently non-VAT paid
- No restrictions attached to the flag
REQUIREMENTS
- Vessel must visit Malta
- Vessel must be used for pleasure purposes
PROCESS & TIMELINE
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